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Mint: A Review

PurposeMint is a free, web-based financial service management app available on iOS and the Google store. It was founded in 2006 and has gained popularity in the U.S. and Canada.

Rating on App store: 4.5Frugal Fox Rating: 4.9

Pros

It is extremely visual —

If you love charts, then this app is for you! It comes with a visual money tracker, in the form of a pie chart. Your income and net worth can be converted to bar graphs and your monthly budgets are on a sliding scale.

The best part about Mint is that if you keep it going for multiple years, you can compare those years. Talk about seeing your progress!

If you’re not into the envelope system, it is a good alternative —

For James and I, the money envelope system just wasn’t realistic. Too many things are drafted out of our accounts on a monthly basis and James’ bank doesn’t even have a branch in the Wilmington area.

Mint makes it feel like we have a “virtual” envelope system and makes us stay on track

You can see your debt —

You have the ability to hook up every.single.account to mint including (but not limited to):

Mortgage

Student Loans

Credit Cards

Auto Loans

Personal Loans

Bank Accounts

James and I now know our net worth and how much in the negative we are. But it’s also fun to see those debts disappear while you’re completing your debt snowball.

Fantastic customer service —

I have never had a bad experience with Mint. Cee and I have used it for years and anytime I have an issue, they are more than willing to help me through it. Cee has had the same experiences.

Cons

It’s a lot to keep up with —

If you’re used to balancing a checkbook, Mint should make things easier, but for the person that is just getting started, this app can become overwhelming.

There are a ton of categories, which gives you choice, but at the same time, it’s difficult to sort through your bills and purchases efficiently

I recommend logging on EVERYDAY, to avoid forgetting where your money was spent

Sometimes, it lags —

When I was rapidly paying off my UNC loan, it took a couple of weeks for Mint to report accurate numbers

Just remember, Mint is there to HELP, not act as an accurate display of your bank account

Aesthetic

This app itself is gorgeous —

It’s clean

It’s colorful

Its typeface is easy to read

It has a cute little logo

User Friendly —

While the act of managing your money can be ‘a lot to keep up with,’ the app itself is the easiest thing to use.

There are three sections (at the bottom of the screen)

Updates gives you a snapshot and Overview is the meat and potatoes of the app